Member Info for JungleBabbler

No idea - other than it raises some cash. Anyone?

Continetal weather is much more extreme than what we're used to. I was out in Colorado last April and caught in a bad snowstorm in mid April. Left SteamBoat Springs at 5am and it was only light sleet, caught up with a snow plough which we followed up Rabbit Ears pass and by the the time we got to the first hump in the pass it was a white out. Then the snow plough lost the plot and went off the road and we just managed to stop. It was then we just make out why the snow plough had veered of as there was a jackknifed Walmart artic infront and down the hill a oil tanker stopped on the incline up towards us and another double-length artic stuck on the other side of the road. So we waited. Some time. Then the State police arrived and said just stay in your vehicles and a while later the tonka toys arrived ie giant digger type trucks with 7 or 8 foot wheels with chains on. They started moving the artics and pulled the snow plough out of the ditch and dumped grit on the road. But as the double length artic was being pulled up the other side it started slipping sidways across the dual carriageway towards us which was pretty "flipping" scary. They had to change angle of attack to pull back away from us. All good fun - well sort of. The pics I've got are great but all told we were stuck for more than 4 hours on what was a main highway. Never did get to see the Dusky Grouse.

The weather we have in the UK is micky-mouse weather in comparison with that you get in the middle of big continents so not surprised at a few weeks delay.

Conversely of course if NCM *WANT* to be bought then they could as the ShareTalk article suggests buy out HAV and bundle it with Telfer. Is this likely? Um... can't see SD/GGP wanting to sell. So as I suggest maybe that horse has bolted.

Sorry going to have to disagree WelshFalcon. Selling off assets makes NCM more vulnerable not less. Why? because the buyer can offset the cash against the buy price. NCM should have taken on more debt last year by buying the 5% plus maybe the rest of Hav . Bit of a schoolboy error by SB I think - not surprised he's been shown the door.

Spot on RAH0084.

Dip - a corporate lawyer once told / taught me that silence was very powerful. And he was right.

I'm going to have to disagree Kevin @16:20. If GGP buy Hav/Telfer then NCM would just be sitting on a big pile of cash. That would surely make them more attractive to a buyer as it would allow them to offset costs - would it not?

By the way in the hedgie I used to work for the Chinese wall was a cupboard with a whiteboard in it and doors to cupbord were either open or closed depening who was in the room.......The whiteboard detailed the pipeline deals. I kid you not.

Mush.... unfortunately / fortunately (depending on your point of view) NewCrest are doomed I genuinely believe; whether it is Newmont or someone else I don't know. Their offer is priced at a 21% premium to NCMs share price I understand and that analysts are saying that a winnning bid is (ONLY) a 30% premium. So we'll see who it is soon enough. Couple of weeks / month or so - who knows..?

I'd love to know how much NCM had Telfer on their books for last Friday ?
Any advance on $5M Aud (scrap value) ?

Has anyone considerded what the Aussie government might have to say on this. It is evident all governments now have concerns over strategic minerals eg copper and the so-called green metals & minerals. How exposed to these are NCM ?

As is ever the case buys-n-sells aren't accurate. Had this on my watchlist so jumped in this morning with 1st buy at 44.88 for 2,500 shown as a sell. Will buy more later.

For any BB readers currently in WA between Perth. and Newman a serious health warning has been issued for the Great Northern Highway.

Tiny radioactive capsule missing on 870-mile stretch of road. Miniscule object lost on a truck journey in the West Australian outback could be anywhere along the route

A tiny but dangerous radioactive capsule that can cause cancer and skin burns has been lost in the West Australian outback, triggering an urgent health warning.

As a hunt was launched, people were warned to stay away from the 8mm high and 6mm wide capsule, which fell off a truck somewhere on an 870 mile journey between Perth and a mine site north of Newman.

The capsule was lost sometime after Jan 10 and was intended for use in a radioactive gauge, a device commonly used in mining to measure the density of rocks.

The small, round silver capsule contains a small quantity of radioactive Caesium-137 but "quite a large radiation dose". It is thought it fell through a bolthole after a bolt was knocked loose by a container collapsing from vibrations on the trip.

Motorists who have travelled the Great Northern Highway between Newman and Perth since Jan 10 have been told to check their tyres, in case the capsule is stuck in them, authorities said at an emergency press conference on Friday.

They warned that anyone getting close to it would be exposed to the same amount of radiation as 10 X-rays in an hour, or a year’s worth of natural radiation a body is exposed to.

"It emits both beta rays and gamma rays so if you have it close to you, you could either end up with skin damage including skin burns," said Andy Robertson, chief health officer of Western Australia.

"And if you have it long enough near you, it could cause acute radiation sickness. Now that will take a period of time, but obviously we are recommending people not be close to it or hang on to it."

While the capsule can make people ill, it cannot be weaponised. It has a half life of 30 years.
Anyone finding the capsule should ring an emergency number but otherwise steer at least five metres clear of it, authorities said.

....this article is from the UK - Daily Telegraph - other rags will have the story (one would hope).

1,519m as at 18th January.............

Damo, I take my 25% tax free each year using Uncrystallised Lumpsums trying to take below the higher rate tax threshold. So over time my small 25%'s add up to more than the original 25% lump sum if I'd gone into drawdown at the start.

Agree with sentiment here about UFO 100%

Hi SpeedyM I do enjoy reading your posts, not because I agree with everything you say but more because you make me think about things. So here's my curve ball to you - Thursday next week is when the USA $ Debt celing is likely to be reached. So given the fact that USA politics is very partisan at the moment and the 2 houses split 50:50 more or less - will the USA default on its debt ???? Now of course they can kick the can down the road for a few months until the real cash runs out.
So what happens if they really do default on their debt and a side queston - they could decide not to fund the Ukraine war any more whiich would tilt the balance firmly towards Russia. If that happens - then what happens to gold or indeed oil or anyhting else eg food.
Can of worms - much.

for completeness sake my breakeven points are:
CGT pot 0.7p
ISA pot 0.8p
a million or so in both - wish it were twice as much :)

..interestingly the very same theme was in an article (Salman Ahmed) in this w/e's FT Money pages vis-a-vis morphing of the traditinal 60 / 40 equity/bond asset allocation into 50/30/20 equity/bond/alternatives.
Also mentions higher average inflation over the next umpty years (no surprise there folks)

Commodity super-cycle anyone ?

800p plus would be grand. Having done quite a bit of research here and there it does seem like we're at the start (or just past the start) of a commodities super-cycle - albeit one with a green tinge.....

The 20,000 trade at 09:26 is a BUY and it was my top-up trade just so could round up the total I have.
Suspect some of the other trades are also buys.

Great precis NormBeef. It all sounds "reassuringly sensible" and thus eminently do-able.
GLA for 2023.